THC BioMed Intl Ltd. is listed on the Canadian Securities Exchange (CSNX: THC)

By Dan Fumano, The ProvinceFebruary 22, 2016

THC
BioMed will begin research this week, CEO and president John Miller
said Sunday, and plans to start growing as soon as they can import seeds
from The Netherlands. After they start producing, they will need to
obtain a licence to sell from Health Canada.

Photograph by: THCbiomed.com, Internet photo

A
B.C. firm aiming to specialize in cannabis edibles, oils and patches is
one of two medical-marijuana producers newly licensed by the federal
government.

THC BioMed Ltd. in
Kelowna and Green Relief Inc. of Flamborough, Ont., both received their
licences to cultivate pot on Feb. 18, Health Canada’s website shows.

They’re
the first two new producers to be licensed since Justin Trudeau’s
government took power after last October’s election, bringing the total
to 29 licensed producers across Canada, including 16 in Ontario and
seven in B.C.

THC BioMed will begin research this week, CEO and
president John Miller said Sunday, and plans to start growing as soon as
they can import seeds from The Netherlands. After they start producing,
they will need to obtain a licence to sell from Health Canada.

THC
is still waiting on the result of an application for a licence to
produce cannabis oils, Miller said, and the company plans to specialize
in “derivatives.”

A recent news release from the firm gives
examples of derivatives such as edibles, anti-inflammatorytopical
agents, patches, pills and encapsulated oils. “We believe the market is
going to go more toward derivatives,” Miller said.

THC BioMed
chairman Jason Walsh said as soon as the company’s name was added to the
Health Canada website, “the phones went nuts” with calls from “tons of
investors.”

THC BioMed Intl Ltd. is listed on the Canadian Securities Exchange (CSNX: THC).
Trading was temporarily halted last week pending a formal announcement,
expected Monday, about the licensing, said George Smitherman, the
former Ontario politician and director of THC BioMed’s board.
Smitherman,
who’s also involved with two other medical-marijuana firms in Ontario,
said he was first exposed to the sector during his tenure as Ontario’s
minister of health, adding it’s an “exciting” time in the growth
industry.

The other new licence issued last week went to Green
Relief Inc., an “aquaponic” grow operation, combining aquaculture and
hydroponics. The facility, outside Hamilton, Ont., includes a
recirculating water system and 8,000 tilapia fish whose waste will
fertilize the plants.

“It’s the most sustainable form of
agriculture known to mankind today,” Warren Bravo said, adding his
operation will grow faster than other methods and require less water.
“It’s the coolest thing ever.”
Green Relief, a private firm, will
start growing next week in their 30,000-square-foot facility, with
“aggressive expansion plans” for an additional 200,000 sq. ft., Bravo
said, adding: “We want to be a dominant force in the industry, and
advance the science of not only cannabis, but sustainable agriculture as
well.”

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